Daily Debrief: What Happened Today (May 26)

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Asean must strengthen external ties in new growth areas, even as integration continues: PM Wong

[KUALA LUMPUR] Asean must deepen and expand its external partnerships, especially in new growth areas, even as it steps up its own internal integration, said Prime Minister Lawrence Wong on Monday (May 26).

Asia’s rich trim US exposure, head to Europe amid tariff turmoil

[SINGAPORE] Asian private banking clients sprang into action over the past month, refusing to sit idle when faced with the whiplash in global financial markets caused by the tariff turmoil. Individuals have been rebalancing their portfolios, according to some senior private bankers, whose clients each have at least S$2 million in investible assets.

Front-loading drives Singapore’s factory output growth, which slows to 5.9% in April but far exceeds estimates

[SINGAPORE] Front-loading activity amid uncertainty over US President Donald Trump’s tariffs supported Singapore’s industrial production growth in April, economists said after the latest prints were released on Monday (May 26).

Malaysia’s Anwar writes Trump seeking summit with South-east Asia

[KUALA LUMPUR] Malaysian Prime Minister Anwar Ibrahim said he has written a letter to United States President Donald Trump to request a meeting between the US and the Association of South-east Asian Nations over Washington’s trade policies.

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Daily Debrief: What Happened Today (May 23)

Less than 75% of fresh graduates from private institutions secure jobs within 6 months

[SINGAPORE] Fewer than three in four fresh graduates from private education institutions found employment within six months of graduation, based on the Private Education Institution Graduate Employment Survey 2023/2024 released by SkillsFuture Singapore on Monday.

Park Hotel Management and Allen Law’s legal battle results in landmark High Court judgment for insolvency law

[SINGAPORE] Former Park Hotel Management director Allen Law, who is being sued by liquidators of the company, has failed to reduce his potential liabilities by S$6.8 million after the High Court rejected his application to amend his defence and introduce a counterclaim. 

Hillcrest Arcadia’s S$920 million en bloc tender closes with no bids

[SINGAPORE] The collective sale of Bukit Timah condominium Hillcrest Arcadia has moved into private treaty talks, after a tender closed on Thursday with no bids.